Heavy lifting: Rising demand in the residential and nonresidential construction markets will boost revenue

The Construction Machinery Manufacturing industry in Illinois produces a wide range of equipment used in residential, nonresidential, highway and infrastructure construction projects. Demand for industry products is dependent on activity in downstream construction and industrial markets, which usually follow the business cycle. Industry profitability has been aided by the declining price of steel, a major input into the production of industry products. New operators have been hesitant to join the industry, fearful that another collapse in construction markets could lead to the same consolidation the industry experienced in the past decade...purchase to read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
8,904
Businesses
54

Industry Threats & Opportunities

  • The industry is expected to accelerate as the value of residential and nonresidential constructions trends upward
  • Both the value of residential and nonresidential construction has increased, posting double-digit annualized gains
  • Improvements in domestic economic factors are expected to bode well for manufacturers
  • Additional Insights for the Construction Machinery Manufacturing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Construction Machinery Manufacturing in Illinois Industry are

  • Latest available technology and techniques
  • Meeting environmental requirements
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in Illinois and Value of Residential Construction in Illinois in the Construction Machinery Manufacturing in Illinois industry impact industry performance..

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    What's in this report

    What is the Construction Machinery Manufacturing in Illinois Industry?

    Industry operators manufacture construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction.

    Industry Products
  • Power cranes, draglines and shovels
  • Dozers and other tractors
  • Other construction machinery and equipment
  • Tractor shovel loaders
  • Parts for other machinery
  • Graders, maintainers and mixers
  • Industry Activities
  • Backhoe
  • Bucket and excavator (e.g. clamshell, concrete, drag scraper, dragline and shovel)
  • Bulldozer
  • Construction-type crane
  • Portable crushing, pulverizing and screening machinery
  • Logging machinery
  • Roller, road construction and maintenance machinery
  • Power shovel
  • Crawler tractor
  • Off-highway truck
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in Illinois
  • Value of Residential Construction in Illinois
  • Government funding for highways
  • Value of utilities construction

  • Current Performance
  • Expanding markets
  • Strong demand, slow sales
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand conditions rally
  • Industry structure
  • Table: Construction Machinery Manufacturing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Construction Machinery Manufacturing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Construction & Mining Equipment Wholesaling
  • Heavy Equipment Rental

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Metal Stamping & Forging
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Steel Rolling & Drawing
  • Wind Turbine Manufacturing

  • Products & Services
  • Power cranes, draglines and shovels
  • Dozers and other tractors
  • Other construction machinery and equipment
  • Tractor shovel loaders
  • Parts for other machinery
  • Graders, maintainers and mixers
  • Other
  • Chart: Construction Machinery Manufacturing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Heavy construction customers
  • General construction customers
  • Other customers
  • Mining customers
  • Quarry and aggregates customers
  • Chart: Major Market Segmentation for the Construction Machinery Manufacturing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Construction Machinery Manufacturing in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Construction Machinery Manufacturing in Illinois Industry

  • Caterpillar Inc., Komatsu Ltd., Deere & Company, CNH Industrial N.V., Terex Corporation,
  • Table: Caterpillar Inc. - financial performance
  • Table: Komatsu Ltd. - financial performance
  • Table: Deere & Company - financial performance
  • Table: CNH Industrial N.V. - financial performance
  • Table: Terex Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Construction Machinery Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Construction Machinery Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dozer
  • A machine with a long blade that creates a flat surface.
  • Environmental Protection Agency (Epa)
  • A government agency designed to protect human health and safeguard the natural environment.
  • North American Free Trade Agreement (Nafta)
  • A generally duty-free agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc in North America.
  • Safe, Accountable, Flexible, Efficient Transportat
  • Third in a series of federal multiyear transport infrastructure funding programs. Enacted in 2005.
  • Tractor Shovel Loaders
  • Construction equipment that includes different loader-backhoes, such as skid steer, wheel and crawler.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Construction Machinery Manufacturing in Illinois provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Construction Machinery Manufacturing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Construction Machinery Manufacturing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Construction Machinery Manufacturing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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